Month: July 2010

Japanese institutions go for Islamic financingBy MUSHTAK PARKER | ARAB NEWSPublished: Jul 25, 2010 23:40 Updated: Jul 25, 2010 23:40LONDON: After a hiatus of over three years largely due to inertia from regulators and head offices, Japanese institutions are finally going to the market to raise millions of dollars in Islamic financing. The good news is for Malaysia because much of this activity is centered in or out of Kuala Lumpur.Over the last two weeks Nomura Holdings, Inc. appointed Kuwait Finance House (Malaysia) as the mandated lead arranger for its debut $100 million Sukuk Al-Ijara. The two-year issuance will be the first US dollar denominated issue by a Japanese corporation out of Malaysia.Similarly Sumitomo Corporation, according to Malaysian banking sources, plans to go one step further by issuing the first yen-denominated Shariah-compliant paper in…

Submitted by admin3 on 17 July 2010 - 11:28pm.Articles Indian MuslimBy Adnan AlaviThe TV Today group's English channel Headlines Today aired the sting operation that showed top Rashtriya Swayamsevak Sangh (RSS) leader Indresh Kumar's involvement with Hindutva-inspired fanatics.Enraged, Sangh parivar workers attacked the channel's office and went on rampage. The sting operation was more shocking as a former BJP member of parliament was also caught on camera and a failed plot to target Vice-President Hamid Ansari at a function in Jamia Millia University was mentioned.The fact that Indresh is not a fringe activist but top leader and close to RSS chief makes it even more serious. The BJP, which is the main opposition party takes orders from the Sangh, and is always ready to shield its masters.During the investigation into Mecca…